The Merrill Lynch Retirement Study, Family & Retirement: The Elephant in the Room, focuses on the impact that family can have on retirement readiness.
Among the findings of the August, 2013 study: More than 60% of people age 50 and up today provide financial support to family members. Below are some other highlights:
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SOURCE: Unless otherwise indicated, statistics in these stories come from BofA Merrill Lynch Global Research.